Parsons Capital Management Inc. RI lessened its position in shares of Applied Materials, Inc. (NASDAQ:AMAT – Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,604 shares of the manufacturing equipment provider’s stock after selling 517 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Applied Materials were worth $749,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMAT. State Street Corp grew its position in shares of Applied Materials by 1.8% during the 3rd quarter. State Street Corp now owns 38,808,047 shares of the manufacturing equipment provider’s stock valued at $7,841,178,000 after acquiring an additional 672,548 shares during the period. Geode Capital Management LLC boosted its position in Applied Materials by 1.9% during the third quarter. Geode Capital Management LLC now owns 19,826,373 shares of the manufacturing equipment provider’s stock worth $3,994,968,000 after purchasing an additional 371,866 shares in the last quarter. FMR LLC increased its position in shares of Applied Materials by 5.5% in the third quarter. FMR LLC now owns 16,413,112 shares of the manufacturing equipment provider’s stock valued at $3,316,269,000 after buying an additional 858,122 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Applied Materials by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,861,933 shares of the manufacturing equipment provider’s stock worth $1,790,554,000 after buying an additional 318,445 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Applied Materials by 29.8% during the 3rd quarter. Van ECK Associates Corp now owns 6,571,178 shares of the manufacturing equipment provider’s stock valued at $1,327,707,000 after buying an additional 1,509,439 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on AMAT shares. The Goldman Sachs Group reduced their price objective on shares of Applied Materials from $230.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Applied Materials from $220.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Needham & Company LLC cut their price objective on Applied Materials from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Bank of America lowered their price target on Applied Materials from $220.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, KeyCorp upgraded Applied Materials from a “sector weight” rating to an “overweight” rating and set a $225.00 price objective on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $218.71.
Applied Materials Trading Down 6.5 %
NASDAQ AMAT opened at $174.57 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.87. The stock has a market capitalization of $142.04 billion, a P/E ratio of 20.28, a PEG ratio of 1.99 and a beta of 1.53. The firm’s 50-day moving average is $174.00 and its two-hundred day moving average is $188.61. Applied Materials, Inc. has a 12 month low of $158.96 and a 12 month high of $255.89.
Applied Materials (NASDAQ:AMAT – Get Free Report) last issued its quarterly earnings data on Thursday, November 14th. The manufacturing equipment provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.19 by $0.13. Applied Materials had a net margin of 26.41% and a return on equity of 39.26%. The firm had revenue of $7.05 billion for the quarter, compared to analyst estimates of $6.96 billion. During the same period in the prior year, the business posted $2.12 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Applied Materials, Inc. will post 9.38 earnings per share for the current year.
Applied Materials Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.40 dividend. The ex-dividend date is Thursday, February 20th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Applied Materials’s dividend payout ratio is presently 18.58%.
Applied Materials Company Profile
Applied Materials, Inc engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits.
Read More
- Five stocks we like better than Applied Materials
- Retail Stocks Investing, Explained
- Sizing Up a New Opportunity for NVIDIA Investors
- How to Most Effectively Use the MarketBeat Earnings Screener
- Is DeepSeek Challenging NVIDIA’s AI Dominance?
- Using the MarketBeat Dividend Yield Calculator
- The 3 Biggest M&A Stock Opportunities for 2025
Want to see what other hedge funds are holding AMAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Applied Materials, Inc. (NASDAQ:AMAT – Free Report).
Receive News & Ratings for Applied Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Materials and related companies with MarketBeat.com's FREE daily email newsletter.